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    Ever wondered how much time and money it takes you to bind one policy?

    If you have a rough idea how much time you spend per quote/policy today, use this simple calculator to find out.

    The calculator will also tell you the total cost to bind a target number of policies per year and the number of FTEs required to do so.

    We’ve made some assumptions using UK average employer costs and working hours available per one FTE Underwriter. Read more on assumptions made + sources in results.

    P.S. Any information entered here is treated confidentially and we will not share this with any 3rd parties.

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    Send me the full ROI report

    Insurance rating engine

    What is an insurance rating engine?

    An insurance rating engine is a sequence that allows the calculation of a price/premium based on specific risk variables, formulas, rules and underwriting guidelines.

     

    Why use an insurance rating engine?

    You would use an insurance rating engine because it allows you to be more consistent in the allocation of premium to specific risks vs being manual or gut-feeling pricing.

     

    What are the benefits of using a  rating engine?

    Thanks to simplifying pricing and underwriting processes, rating engines enable business users to design, build, and test these algorithms and rate tables and support them when creating new insurance products.

     

    How does a rating engine work?

    once the rules are set, you have a green light to an efficient automated underwriting process. Non-technical users can do it all by themselves, no programming skills need

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